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Nov 23, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ male announcer ] this holiday, give your family the greatest gift of all -- peace of mind. with the adt after thanksgiving sale. get adt home security and home management starting at just $99. that's a savings of $300. plus 15% off accessories. call now or visit adtpulse.com/tv. sale ends midnight november 27th. more than a security system, adt can help you turn on a few lights. bring family in from the cold. even let you know when an old friend has arrived. get the advanced technology of adt and save $300. starting at $99 installed. pulse save on accessories. call now or visit adtpulse.com/tv. sale ends midnight november 27th. >>gregg: the cease-fire between israel and hamas seems
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ male announcer ] this holiday, give your family the greatest gift of all -- peace of mind....
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Nov 21, 2012
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we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half ago the congress and president and senate didn't do this work and pushed it up against a deadline. the reason you don't know what is happening with the state guidelines, they had a healthcare claw lau for two years. i know you are a member of congress but nobody is doing any work to get anything done. frankly if you don't know what the rules are, how can you set up the exchange on the promise they are going to do it right later and they don't have a history of doing things right? >> i don't think they're going to have the money to do it in the first place. we're in
we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half...
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Nov 26, 2012
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what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both parties. the one tax that goes up january 1, if there's a deal s payroll tax, which i think is wrong. republicans have a opportunity to be champions of the working class. >> kirsten, some democrats are saying let's go over the cliff. everybody's tax rates are going to go up and then the president in january can go to congress and say now it's 39.6% and whatever it is for middle class and i'll present a plan that will cut the tax rates of 98% of people, are you prepared now, when the rate is already up, to oppose that? >> the problem with that plan is it's dangerous because we don't know ho
what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both...
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Nov 23, 2012
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incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total deductiones by any one tax paper. in addition to rate increases, president obama last his own plan on deductions to limit them to 28%. >> so, in other words, if you were in the 35 or the 33% tax bracket. you could only deduct 28% of the cost of say, charitable contributions. >> charities don't care what form it takes, they are so worried about any tax plans targeting the wealthy, representatives of dozens of charities will converge on washington on december 5th to urge lawmakers to spare charities whatever they decide to do. gregg? >> gregg: jim angle in washington. thanks. some holiday shopper also be able to get same day delivery on the post office. they will launch that in san francisco cost 10 bucks. you have to order online by 3:00 p
incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total deductiones by any one tax paper. in addition to rate increases, president obama last his own plan on deductions to limit them to 28%. >> so, in other words, if you were in...
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Nov 21, 2012
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so they want extension of current tax rate and spending levels. >> it seems a prudent course of action is figure out a bridge that takes us for some for of time. avoid issues fruition on january 1. >> the top republican said jeff sessions sent this letter to the top four leaders in congress saying if they are planning extension of unemployment insurance, offset for the changes must be achieved through real safings. not gimmicks like baseline saving from future war spendings that is not expected to occur. the markets won't reout well to staying the course. >> the worst thing that can happen is we put a temporary fix in. deal with it next year. >> senator joe manchin says it's important for washington to seize the moment. >> i believe with the election behind us ve a short period to do something monumental for country and generation. i hope we take advantage of it. i do. >> the uncertainty led wal-mart and other manufacturing companies to decide to pay quarterly dividends in december instead of january. threat of massive spending cut led to boom for lobbyists. the web site open secrets r
so they want extension of current tax rate and spending levels. >> it seems a prudent course of action is figure out a bridge that takes us for some for of time. avoid issues fruition on january 1. >> the top republican said jeff sessions sent this letter to the top four leaders in congress saying if they are planning extension of unemployment insurance, offset for the changes must be achieved through real safings. not gimmicks like baseline saving from future war spendings that is...
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Nov 24, 2012
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tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an itemized list of his spending cuts he's prepared to put on the table before asking american people to pay taxes. i mean, it's simple. when you have a credit card debt and you don't ask other people to pay for it or you don't borrow money to pay the interest on it, you make hard choices on your discretionary spending from a weekly basis or a monthly basis, this is just a business that's been run poorly and it's-- >> would you agree the president doesn't have a terribly good track record when it comes for proposals for b
tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an...
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Nov 21, 2012
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if this deal happens, you will see taxes go up on 90% of americans. for example, 20 or 30,000 dollars, they would go from receiving money under the earned income tax credit to only $1500. that is just the beginning. unemployment, people have to pay higher taxes in terms of that, this could be a problem for working and middle-class people. jon: back could explain why her people like john boehner say that mr. president, he won the election, it's time for you to lead well. >> we have to face reality that the american people gave the president a do over. the house and the senate, the same position we were in two months ago. the american people may have given the government a do over, but they don't expect a status quo. they want decisions to be made in a bipartisan manner. republicans are willing to meet the president halfway. but he is the leader of the country and it's up to him to propose a plan. it is up to him to provide negotiations and coalesce the deal. a deal can be made and all parties have to come together. we have to give up some revenue. they
if this deal happens, you will see taxes go up on 90% of americans. for example, 20 or 30,000 dollars, they would go from receiving money under the earned income tax credit to only $1500. that is just the beginning. unemployment, people have to pay higher taxes in terms of that, this could be a problem for working and middle-class people. jon: back could explain why her people like john boehner say that mr. president, he won the election, it's time for you to lead well. >> we have to face...
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Nov 21, 2012
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there would be an average tax increase of $3,500 per household, and 88% of households will see taxes rise, 88%. kansas republican is on the house budget committee and he joins us for more. thanks for joining us first of all. >> good morning. heather: going over the cliff it will affect different households in different ways depending on income, marital status, number of children, and other things. i want to start with tpwh-bg level. low-income households will be hit the hardest. why? >> well, there are many credits that were in the bush obama tax cuts, those expire and it will impact literally as you mention tens of millions are americans are going to be impacted. what we hear out of the white house, it's mainly top income earners but that is far from the facts. this will have a devastating impact for many people. for the holiday season it could be a devastating blow to the economy as well. heather: something else i found interesting when i was looking through the stats, a married couple making between 20 to 30,000 a year will go from receiving on average a $15 tax credit to owing ov
there would be an average tax increase of $3,500 per household, and 88% of households will see taxes rise, 88%. kansas republican is on the house budget committee and he joins us for more. thanks for joining us first of all. >> good morning. heather: going over the cliff it will affect different households in different ways depending on income, marital status, number of children, and other things. i want to start with tpwh-bg level. low-income households will be hit the hardest. why?...
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Nov 26, 2012
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taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retailers during this deholiday shopping season. white house economists saying quote, as we approach the holiday season which accounts for 1/5 of industry sales, retailers can not afford the threat of tax increases on middle class families. bill: as we learn more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week. this morning we'll meet with house majority leader eric cantor live in "america's newsroom.". next hour we talk to him where these negotiations are. how much each side is willing to give up and what they want in return. ultimately will they get a deal? eric cantor coming up next hour. martha: it is all in the language and semantics of these discussions. as u.s. lawmakers continue all this wrangling over some kind of budget deal we work towards here at home, european lawmakers are meeting today on their fin
taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retailers during this deholiday shopping season. white house economists saying quote, as we approach the holiday season which accounts for 1/5 of industry sales, retailers can not afford the threat of tax increases on middle class families. bill: as we learn more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week....
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Nov 21, 2012
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if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days. so this is gimmick. we need to be able to articulate that. we need to listen to the federation of independent businesses that we protect them so we can production and manufacturing once again and economic growth. >> alan west, i sure appreciate it. next, why does al gore want to get his hands on the video of a fire tornado. the man explains why, he won't give it up coming up. >>> you may have seen this stunning of a fire nado by independent videographer. this also caught the eye of pal al gore and protector of the planet and his office has been putting to license on the footage to put their baseless global warming agenda on the rest of us. sean recently sat down the man in question and not so fast to the vice president. >> joining us is chris, welcome to hannity. thanks for being here. >> thank you very much. >> sean: let's take a look and we'll show this fire tornado and while we're showi
if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days. so this is gimmick. we need to be able to articulate that. we need to listen to the federation of independent businesses that we protect them so we can production and manufacturing once again and economic growth. >> alan west, i sure appreciate it. next, why does al gore want to get his hands...
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Nov 22, 2012
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we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little turkey and stuffing and apple pie. unfortunately those thanksgiving favorites can take a toll on your body. but don't worry. we have great tips to make your holiday a little healthier. >> i would like to give my family a happy thanksgiving, greetings. hi, brayden, mommy lowstles. hi, whom, i'll talk to you guys later. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio
we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little...
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Nov 29, 2012
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credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home pays part of their monthly revenue toward their mortgage debt. it's exactly the same thing. the problem that grover and i have, he says if you do that, that's a tax increase, because the rest of it is going to go to lowering tax rates, and that's not 100% going to lowering tax rates. >> sean: if you're talking about $1.1 trillion or $1.2 trillion in revenue, that's raising taxes. people will pay more. when people pay more -- >> no. >> sean: they're no
credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that...
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Nov 23, 2012
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and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the consumers and seen 1.50 jump in gas prices. what this would probably do, we don't have it on paper is pay for things like road repairs and necessary things like that. why is it good? it encourages innovation, car pooling, people to kind of watch, and conserve frankly we have to think about the national security issues and conservation. >> nan: kevin, i know you don't agree with this one. >> no, i can't believe that a gas tax could be the answer to the fiscal cliff or anything else, more taxes not the answer here, and the stronger economy, but this is really a tax on the middle class, and people who drive our trucks and our car and deliver our food and everything else, this is going to tax them directly and already, as pointed out in california, over 65 cents a gallon at the tank for federal and state tax and new jersey the highest in the country and some of the states would be crushed, people cannot afford more, ta
and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the consumers and seen 1.50 jump in gas prices. what this would probably do, we don't have it on paper is pay for things like road repairs and necessary things like that. why is it good? it encourages innovation, car pooling, people to kind of watch, and conserve frankly we have to think about the national security issues and...
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Nov 22, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of fifth avenue, lining the streets, the music is filling the air. this is the 86th annual macy's thanksgiving day parade. a late start of the to the morning, but as you can see, macy's welcoming newcomers through a lineup of giant balloons this year, including elf on a shelf and papa smurf. wow, that is a big santa. it looks like he has already had a turkey or two this morning. speak to the family of a missing soldier making a desperate search for their daughter and sister's disappearance. kelly bordeaux, here is her picture, she vanished after a night out back in april. the search for the 23-year
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of...
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Nov 24, 2012
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obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want to talk about taxes. let's also take a look at entitlements and speppeding cuts and so far, the white house hasn't put forward anything on paper that they are willing to discuss. >> that is one of the hardcore issues here. there is an idea coming from the democrats we are going to raise taxs and off set it by raising taxings. we have a staggering economy and unemployment and we'll hit 50 million americans on food stamps and no end for that number to constantly grow even as unemployment rates went down. we are adding to people on food stamps which doesn't make sense. how do youriform th
obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want...
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Nov 28, 2012
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on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball. the odds are slim of swinging, 1 in 75 million but zero chance if you don't buy. people are dreaming. >> i felt my whole life i was supposed to be rip. >> pay the bills and house off. not have to work. ever again. >> i have 17 charities first. they come first. >> i want to buy a house. >> how will you spend it? >> take a day off. >> officials say this is a 75 percent chance now that someone or multiple somebodies will win tonight. rick is on long island, new york. a lot of folks there open for reversal of fortune. rick: they are. everyone here is telling
on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball....
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Nov 21, 2012
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that's how much tax payer money was spent on an oil painting of lisa jackson. but she is not the only one. thousands were spent on other department heads as well. >>> mall of america banning any one under the age of 16 from shopping line on black friday. children must be accompanied 13121 or older. >>> if you don't want to fight your way through crowds it is cyber monday. you can shop at home in your pajamas. personal finance vera givens. >> what kinds of deals? >> they are across the board. broader sales across entire categories across the entire site. it's not just about electronics. though you will find deals there. more about home goods, kitchen gadgets small appliances. good time to buy those on cyber monday. black friday they are 16 percent more expensive on average. >> you can get your blender cheaper on monday. >> talk about travel so many don't want to put together plans. >> creek co air is expected to run deal here. holiday and resorts.com is running a promotion if you stay tw for two norths nights you get one free. i was there to working with them ve
that's how much tax payer money was spent on an oil painting of lisa jackson. but she is not the only one. thousands were spent on other department heads as well. >>> mall of america banning any one under the age of 16 from shopping line on black friday. children must be accompanied 13121 or older. >>> if you don't want to fight your way through crowds it is cyber monday. you can shop at home in your pajamas. personal finance vera givens. >> what kinds of deals? >>...
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Nov 26, 2012
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tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york. >> dana: it should be fair. should you tax food? chocolate or not? it goes on and on. >> bob: if you talk about fair, how is it fair that people that go to the brick and mortar stores that pay taxes and other people on the internet don't. >> dana: we will explain it in the break. we have to go. major power grab in egypt. susan rice blames the intel community. the anti-muslim video that we talk, he will speak for the first time. the foreign policy roundup is next. in [ male announcer ] are you considering a new medicare plan? then y
tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york....
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Nov 29, 2012
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additional tax increases equal to $600 billion. 2009 level estate tax. multiyear stimulus package starting with at least $50 billion next year alone. permanent increase in the debt ceiling, the debt limit enough to avoid it. in exchange, $400 billion in savings from the medicare and other entitlements to be worked out next year with no guarantees. that didn't go over well. syndicated columnnist charles krauthammer. what is going on here? >> you know, up until today i didn't think -- i did think that the president had shown leg on entitlement reform. he did no 2011. when the house speaker failed to reach a grand bargain. you heard signals from dick durbin said on the sunday shows that medicare had to be on the table. he circled back and say it couldn't be part of the down payment. a lot of confidence that the president is willing to go over the cliff before he would do anything to entitlement. this is the -- the ball is in the democrats' court, not in the republicans that i spoke to today. did say that the administration proposal just as boehner said is n
additional tax increases equal to $600 billion. 2009 level estate tax. multiyear stimulus package starting with at least $50 billion next year alone. permanent increase in the debt ceiling, the debt limit enough to avoid it. in exchange, $400 billion in savings from the medicare and other entitlements to be worked out next year with no guarantees. that didn't go over well. syndicated columnnist charles krauthammer. what is going on here? >> you know, up until today i didn't think -- i did...
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Nov 27, 2012
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they want bigger taxes, bigger government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back into a recession. >> sean: republicans hate big beared and santa claus. don't buy this hype, such as letting the bush cuts expire, are not the answer to tackling this deficit. in fact, during the 2012 fiscal year the federal government cost $9.7 billion to run each and every day, but the additional revenue from letting the bush tax cuts expire only amounts to around $82 billion a year, meaning the government would be funded for a whopping 8.5 days if in fact the president wins thi
they want bigger taxes, bigger government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will...
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Nov 28, 2012
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it's still tax increases. you know, can we stop playing this washingtonian -- >> i do think there's a general consensus we have to figure out a way to get more revenue to pay for the things we promised to people. >> sean: why can't they stop spending? >> why focus on the republicans? >> sean: they're the ones showing every indication, we'll give in on spending. oh, my pledge to grover norquist doesn't mean anything more. >> i don't believe in pledges anyway. you should pledge to uphold the constitution, and we should be able to trust our elected leaders to make decisions based on facts and -- >> sean: did one republican run on raising revenue? >> no -- well, actually i don't know if that's true. >> i don't know one. >> why are we talking about the republicans when we should be talking about the conservative democrats who ran senate seats who ran on a campaign against what president obama is talking about? why not talk about them? in 201047 democratic senators voted with president obama in order to extend the b
it's still tax increases. you know, can we stop playing this washingtonian -- >> i do think there's a general consensus we have to figure out a way to get more revenue to pay for the things we promised to people. >> sean: why can't they stop spending? >> why focus on the republicans? >> sean: they're the ones showing every indication, we'll give in on spending. oh, my pledge to grover norquist doesn't mean anything more. >> i don't believe in pledges anyway. you...
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Nov 24, 2012
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so, that's what we could give more tax cuts, more tax breaks to corporations, that create these job training programs. >> okay, and i can't believe i'm listening to this, rick. >> rick: less than a minute, go ahead and respond. >> okay, but poor people in this country have it too good and we need to give tax cuts to corporations. >> that's not what i said. >> that's exactly what you said. >> that's not what i said. >> and when we've never had this big a gap between the rich and middle class in this country we need to look at reforming corporate welfare not getting poor people-- >> angela do you want to respond to this before we run out of time. >> now what it's sad that liberals want to treat the poor as second class citizens keep them on the federal plantation, just come vote for us and get a free check. give people a job to give them integrity and dignity. >> rick: angela. >> people are looking for jobs right now. 8% unemployment almost. >> rick: this started off really, really nicely somewhere along the lines we went off the rails a little bit, but we have a couple more weeks to talk abou
so, that's what we could give more tax cuts, more tax breaks to corporations, that create these job training programs. >> okay, and i can't believe i'm listening to this, rick. >> rick: less than a minute, go ahead and respond. >> okay, but poor people in this country have it too good and we need to give tax cuts to corporations. >> that's not what i said. >> that's exactly what you said. >> that's not what i said. >> and when we've never had this big a...
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Nov 26, 2012
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reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering. >> without compromising our principles we put skin in the game and recognition to the fact while democrats don't run this town, neither do we. we have been responsible even as we remain firm on this point. no tax increases now for promised spending cuts that you will not materialize later. the american people have seen that game before. they won't be fooled again. >> house republicans are planning to bring in on wednesday a number of c.e.o.'s of caterpillar, goldman sachs and all state and other key players on fiscal includes including erskine bowles co-author of the simpson-bowles and the republicans want the business community to hear their ideas and make the case a big deal should include spending cuts and reforms. >>shepard: thank you, mike, from capitol hill. grover norquist will join neil cavuto next hour and talk about breaking the anti-tax pledge by some republicans. >> the generation leader who brokered the
reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering. >> without compromising our principles we put skin in the game and recognition to the fact while democrats don't run this town, neither do we. we have been responsible even as we remain firm on this point. no tax increases now for promised spending cuts that you will not materialize later. the american people have seen that game before. they won't be fooled again....
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Nov 26, 2012
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expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that won't materialize later. the american people have seen that game before. they won't be fooled again. >> the top republican on the senate budget chel explained the g.o.p. plan to bring in mo
expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the...
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Nov 21, 2012
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on unearned income. 3.8% tax, in addition to the capital gains tax, you might otherwise pay. this applies to people who are earn over $200,000 a year. but if you experience a gain in selling a boat, a stock, a bond, vacation home, that could push you into the $200,000 category and then you're going to pay that 3.8% in addition to the capital gains. >> steve: yeah. now that we passed it, there is a lot in there, isn't there? >> that's right. >> steve: betsy, we thank you. >> this is the turkey for this thanksgiving. >> steve: i don't think it tastes good. regardless of how much gravy you put on you, ma'am. coming up on this wednesday, the president needs to work on his wow factor. his most recent speech, yeah, it looks like hillary's napping right there. and it is one of the most feared predators in the world and lucky for us, it's in the studio! why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not m
on unearned income. 3.8% tax, in addition to the capital gains tax, you might otherwise pay. this applies to people who are earn over $200,000 a year. but if you experience a gain in selling a boat, a stock, a bond, vacation home, that could push you into the $200,000 category and then you're going to pay that 3.8% in addition to the capital gains. >> steve: yeah. now that we passed it, there is a lot in there, isn't there? >> that's right. >> steve: betsy, we thank you....
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it is like a tax cut for america. >>shepard: if we were to become energy independent, it would certainly change the dynamic in the middle east. >> in question about that. energy independence in a global energy market is a tricky thing. energy more secure? no question. you have seen imports of oil dropping in the united states for the last five, six, seven years. so it is a substantial advantage if the united states. the geopolitics change in a variety of ways, we can use the oil and gas to help allies do things we need them to do abroad n japan you say we need you to put the squeeze on iran on nuclear issues but we will make sure you have enough energy because we will export gas and oil. >>shepard: thank you, john. eight years after the death of yasser arafat, there is a curious thing happening. forensic experts today opened up his tomb amid suspicion he was poisoned. if they poisoned him the way they thing, opening up his tomb will do no good so what are they doing? a young actor who represents half in the show "2 1/
it is like a tax cut for america. >>shepard: if we were to become energy independent, it would certainly change the dynamic in the middle east. >> in question about that. energy independence in a global energy market is a tricky thing. energy more secure? no question. you have seen imports of oil dropping in the united states for the last five, six, seven years. so it is a substantial advantage if the united states. the geopolitics change in a variety of ways, we can use the oil and...
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Nov 27, 2012
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but will the president budge on his top tax rates must go up. the state of the fiscal cliff negotiation may really ride on that point. now at a white house briefing they need to double down on the long held belief households with income above 250,000 dollars must pay a higher rate. they are open to higher taxes but they are pushing the idea of eliminating deductions for high income earners. >> we will continue to wait on the president and hope he has what it takes to bring people together and forge a compromise. if he does we will get there and if he doesn't, we won't. >>> it's that simple. >> president obama is going to meet with the carefully selected group of business leaders to get their input. how the republicans will do the s same. there will be little room for compromise. >> they once again urged the senate to pick up the house passed bill extending the hacks breaks for millionaires and billionaires. as president the senate has considered this bill. we jeekted it on a bipartisan basis. it was load down in this congress. >> republicans are
but will the president budge on his top tax rates must go up. the state of the fiscal cliff negotiation may really ride on that point. now at a white house briefing they need to double down on the long held belief households with income above 250,000 dollars must pay a higher rate. they are open to higher taxes but they are pushing the idea of eliminating deductions for high income earners. >> we will continue to wait on the president and hope he has what it takes to bring people together...
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Nov 27, 2012
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i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls from senior democrats in both the house and the senate saying basically entitlements are off the table. we are not doing entitlement. the president at some point, serious about a deal needs to set aside his campaigning on tax issues. and get serious about entitlement issue. >> one prominent democrat did talk about entitlement issues back in 2010. pretty extensively. >> the major driver of our long-term liabilities, everybody here knows, is medicare and medicaid and the healthcare sending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down t
i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls from senior democrats in both the house and the...
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Nov 26, 2012
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republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitlement programs before they bankrupt the company. some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want
republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but...
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Nov 29, 2012
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he suggested that he wants to see taxes go up for the rich. middle class tax cuts get extended for the middle class and then we will back and deal with spending cuts next year. >> and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are insisting that they don't want to take a framework for spending cuts down the road in exchange for tax changes now. they want it all done at the same time so that they can be sure that if taxes are going up on the rich, that in fact some of those spending cuts to bring down the debt will actually materialize. it might make it more likely to go of 00 cliff even though the president insisted today he thinks there will be a deal within weeks, shep. >> shepard: as for extending tax cuts for middle class americans it sounds like there is some agreement on that matter. >> it
he suggested that he wants to see taxes go up for the rich. middle class tax cuts get extended for the middle class and then we will back and deal with spending cuts next year. >> and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are...
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Nov 25, 2012
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and else's on the side of not increasing taxes. but they have to find some common ground though it's hard to see what that will be today. >> well, it's going to be a courageous time for john boehner, does he hold down? he's one guy you want want to be right now. even if he's in a deal he's going to want to have him out. >> he's he been on conference calls with every member of the republican caucus and had to lay this out for all of them and some republicans have gone out and sort of fallen in line with him and others spoken out publicly, under no circumstances will i raise taxes, it will be interesting where they raise revenue. can they do it by lightning deductions and-- >> they do the write-offs and the deductions. >> but the president had one to raise on the wealthiest americans. >> dave: the president two years ago says we cannot raise taxes with the growth levels. >> alisyn: not that president, the election president. >> dave: my mistake, everyone. >> alisyn: it's hard to know what they will do, but this week should be telling
and else's on the side of not increasing taxes. but they have to find some common ground though it's hard to see what that will be today. >> well, it's going to be a courageous time for john boehner, does he hold down? he's one guy you want want to be right now. even if he's in a deal he's going to want to have him out. >> he's he been on conference calls with every member of the republican caucus and had to lay this out for all of them and some republicans have gone out and sort of...
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Nov 23, 2012
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raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we know what happens. we jump off the cliff. if a deal is struck, something everybody can feel relatively good about even though everybody will feel pain, what could that mean for the overall economy? >> i think if there is a reasonable deal struck for the overall economy. then we also -- you have got to keep in mind we have a credit rating in this country that has been hurt and if a deal is not met, then our credit rating could be hurt as well. so i think if a deal is met we have -- i think it will be temporary in na
raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we...
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Nov 23, 2012
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obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that insurance companies must have to structure and price their health care plans. the administration is pressing its luck though, because insurance companies normally need more time than the few months left. >> if they're going to stand this up in 11 months, they are pretty close to the wire of having run out of time to do it. >> what it typically takes anywhere from a year to year and a half for an insurance company to develop new policies, get them approved by regulators and develop all the materials needed to sell them to consumers. >> many other parts of the new law, however, have not been completed. in addi
obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that...
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taxes ride. rule every american is expected to feel the pinch. we'll break down the numbers on the latest proposals and see who maintains what depending on what kind of deal is reached. and are you not one of the so-called rich. no one company or governing body runs the it net. that helped the worldwide interest neat to grow in the way it has to spur democratic movement. a u.n. summit next week could put a little known united nations agency in charge worldwide web. and countries like china, russia, and iran are actively lobbying for new global rules that can allow them to, for example eavesdrop at will or sensor content. rick gold stein is the director of the project. it's no surprise china and iran and russia would love to control the internet. about it's a surprise they are going to have some conference with the u.n. in dubai next week. we are attending and this is going to be the topic? >> looking at the history of the united nations and how it triumphed on free speech. i'm not surprised. we h
taxes ride. rule every american is expected to feel the pinch. we'll break down the numbers on the latest proposals and see who maintains what depending on what kind of deal is reached. and are you not one of the so-called rich. no one company or governing body runs the it net. that helped the worldwide interest neat to grow in the way it has to spur democratic movement. a u.n. summit next week could put a little known united nations agency in charge worldwide web. and countries like china,...
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Nov 25, 2012
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with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the spending curves of social security and medicare and medicaid and see that they are going towards bankruptcy. social security for example right now congress has for so long been stealing money from the social security fund. we are years away from that flipping so that your taxes to pay social security. >> let me jump in. i understand that argument as well in terms of having the entitlement programs basically bankrupt the system. not saying the gop wants to cut it across the board they want to limit it. talk to the people, though, we start to hear social security going out the window and some of the e
with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the...
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reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth. democrats say the middle class could be spared from a tax increase now. >> however as we continue to negotiate a responsible path forward i remind everyone within the sound of my voice of one fact. this congress is where one vote away from avoiding the fiscal cliff for middle class families
reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making...
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Nov 24, 2012
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largest in the game's history a single winner would cash out 213 million before taxes. you can buy tickets in 42 states, including washington, d.c. and the united states virgin islands. a special edition of on the record starts now. >>> tonight, senators mccain and graham former u.n. ambassador bolton, pat buchanan, former state department official liz cheney and former secretary of state henry kissinger, they are all here. we are looking ahead to foreign policy in president obama's second term. this is a special edition of "on the record." >> four years later after the nobel peace prize where do we stand as a nation? in case you haven't her, bin laden is dead, that's good. that's not a foreign policy. there is no coherent foreign policy when we need one. >> we keep hoping something is going to change but it isn't. >> one of the ramifications of an obama presidency is defense is not going to grow. >> the coordinated preplanned and brazen taxes again the u.s. consulate in benghazi, september 11th, was an outrage. >> security was laxed. >> it appears to many persons ma th
largest in the game's history a single winner would cash out 213 million before taxes. you can buy tickets in 42 states, including washington, d.c. and the united states virgin islands. a special edition of on the record starts now. >>> tonight, senators mccain and graham former u.n. ambassador bolton, pat buchanan, former state department official liz cheney and former secretary of state henry kissinger, they are all here. we are looking ahead to foreign policy in president obama's...
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they want all tax hikes. and then you have jim messina coming out and saying that we have only one way to do it together. and then there are youtube videos are trying to convince folks that we need higher taxes. this is one from a guy named ron. >> and i think that it begins with this. everybody needs to put in their fair share. if your privilege, it seems that you have benefited from this country. and you a little bit more and you need to pay a little bit more back. >> i think that leadership in this case means putting everything on the table as the simpson-bowles framework dead. basically every issue needs to be be taken care of. if we get into sequester and we have spending and defense, we will hurt our country and drive us into recession. both sides have said enough to suggest to me that a deal can be done. the president has to go behind closed doors with nancy pelosi and susan rice and all those people to make it right. megyn: he was known for reaching across the aisle. he was a people person. he was a f
they want all tax hikes. and then you have jim messina coming out and saying that we have only one way to do it together. and then there are youtube videos are trying to convince folks that we need higher taxes. this is one from a guy named ron. >> and i think that it begins with this. everybody needs to put in their fair share. if your privilege, it seems that you have benefited from this country. and you a little bit more and you need to pay a little bit more back. >> i think that...
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. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions, they don't specify what specific deductions it would be but that is the cap of tax deductions you could take and there by after that point you don't get any more deductions, so the amount of taxes you pay goes up. now this is not new, jon, this is what really mitt romney and paul ryan were running on, as they talked about it they got hammered again and again for not being specific on what tax deductions and loopholes were going to close. but this was the line for the republican standard bearer, the candidate. so when you hear these senators and congressmen talking about that and
. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions,...
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in taxes. martha: concerns over america's fiscal cliff have sent the markets lower in premarket trading. there is a look at where the dow is poised to open this morning. with the dow, the s & p and the nasdaq all trading lower. speaking of that, a new round of violent protests break out in egypt as police fired teargas into the crowds. here are some of those scenes. >> unbelievable. more than 100,000 people flooded into downtown cairo. this time they are protesting the current president martha maccallum and his power grab. they are disillusioned with what he has brought to their country. then you have this happening. police firing teargas. gypt's highest courts refusing to work in protest of morsi's actions. steve harrigan is streaming live from cairo. the protests looked like the unrest we saw in that same square back in 2009 and the arab spring and the overthrow of mubarak. how dangerous is it? is it more dangerous now? >> this certainly allows similarities between what we saw last night and
in taxes. martha: concerns over america's fiscal cliff have sent the markets lower in premarket trading. there is a look at where the dow is poised to open this morning. with the dow, the s & p and the nasdaq all trading lower. speaking of that, a new round of violent protests break out in egypt as police fired teargas into the crowds. here are some of those scenes. >> unbelievable. more than 100,000 people flooded into downtown cairo. this time they are protesting the current...
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. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no dat
. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come...
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11/12
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so it's not like folks who make more than 250 aren't getting a tax break too, they are getting a tax break on the first 250 just like everybody else. families and small businesses would therefore be able to enjoy some piece of mind heading into christmas and heading into the new year. and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asking the wealthist americans to pay a little more so we can still invest in things like education, and training and science and research research. i know some of this may sound familiar to you because we talked a lot about this during campaign. this shouldn't be a surprise to anybody. this was a major debate in the presidential campaign and in congressional campaigns all across the country, and a clear majority of americans, not just democrats, but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy and doesn't hurt middle class f
so it's not like folks who make more than 250 aren't getting a tax break too, they are getting a tax break on the first 250 just like everybody else. families and small businesses would therefore be able to enjoy some piece of mind heading into christmas and heading into the new year. and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asking the wealthist americans...